Larry Fink’s recent clarion call to capitalism that managing “environmental, social,and governance (ESG) matters demonstrates the leadership and good governance that is so essential to sustainable growth” should not fall on deaf CEO ears.
Fink is the leader of BlackRock, the largest asset manager in the world with $6 trillion under management, meaning that it has considerable proxy shareholder voting power in those companies in which it actively or passively invests. Currying BlackRock’s favor is a wise move.
More information: http://www.sustainablebrands.com/news_and_views/leadership/lawler_kang/when_you_think_sustainable_ethical_returns_think_female_leaders
